With MEDA staff and volunteers tirelessly preparing tax returns for free this past season, it was definitely time to celebrate after the completion of 11 weeks of hard work. So everyone came together on April 24 to pause and reflect on their having forever bettered the lives of low-income Mission residents. The impact The impact…
“I almost fainted when I saw how much money I was getting back!” says decade-long Mission resident Angelica Maldonado of the $4,110 refund she received when getting free tax preparation at MEDA. Not surprising, considering that this is one-third of her annual $12,000 income. Turns out 40 minutes can change a life. That amount came…
When MEDA’s Tax Program Manager Max Moy-Borgen woke up on Tuesday, he breathed a deep sigh of relief. That’s because another successful tax season was under his belt. This is an impactful feat when you run the largest free tax preparation service in the San Francisco Bay Area. Moy-Borgen (photo) counts on his staff, 132…
“Use it or lose it!” Those powerful words from State Board of Equalization Member Fiona Ma, at a press conference held at MEDA today, underscored the importance of getting out the message about the state’s new Earned Income Tax Credit (EITC). Ma fears that if not enough Californians take advantage of this credit, politicians in Sacramento…
EITC: those four letters sure mean much to the low-income community. The term is so powerful that there’s even a day named for it. That would be “Earned Income Tax Credit Awareness Day,” which is today. “Earned Income Tax Credit Awareness Day” is the brainchild of the IRS and is a federal strategy to foster…
Free tax preparation is just the start In 2015, MEDA prepared 4,200 clients’ tax returns at no cost, which translated to a staggering $5.2 million returned to the low-income community. These families were also able to eschew costly paid tax preparers, who also may not be as well versed in IRS rules for matters pertaining…
Copyright © 2024 - Mission Economic Development Agency
